Duplexes in Broadwater suburbs or key infrastructure pockets are popular with investors seeking good returns, long term capital growth and an affordable entry point.
East of the freeway, you’ll find a competitive market for freestanding homes circa $500,000. For a solid investment, consider areas like Helensvale, Ashmore, Parkwood, Arundel, Southport, Biggera Waters and Labrador; all of which, will and are already benefiting from completed and future infrastructure projects pushing ahead in surrounding areas on the Gold Coast.
Head further west towards the hills, and you can find a relatively new 4 bedroom family home for around $400,000. The rental market in this area is also good, with rental returns currently sitting at around 5% gross per annum.
Affordability in greenfield pockets like Coomera, which house a significantly higher share of renters, is evident not only in the streetscape but also in the growth in property values. Compared to Ashmore, which has a tenant mix of around 25% and has seen significant price growth in median sale prices of a little over 15% since 2011, over 50% of properties in Coomera are tenanted, and the change in the median sale price is a modest rise of just over 8% since 2011.
Source: Australian Bureau of Statistics (Census of Population and Housing, 2011) and CoreLogic RP Data